Volkswagen CEO wants a stake in Tesla: Manager Magazin

Volkswagen CEO Herbert Diess wants to take a stake in Tesla to access the U.S. company's software and batteries technology, German business publication Manager Magazin reported on Thursday.

Volkswagen CEO interested in Tesla stake: Manager Magazin

Volkswagen CEO Herbert Diess is interested in acquiring a stake in Tesla , German business publication Manager Magazin reported on Thursday, citing company sources.

Fintech firm Pagaya issuing $115 million asset-backed security

U.S.-Israeli Pagaya, which uses artificial intelligence (AI) to manage institutional money, said on Thursday it is issuing a $115 million consumer credit asset-backed security (ABS) led by structuring agent Cantor Fitzgerald.

China telcos weigh sharing 5G network to cut costs, potentially hurting Huawei

China Telecom said on Thursday it is ready to build a 5G mobile network with its rivals in order to reduce costs, a proposal that is likely to cut multi-billion dollar equipment orders for vendors such as Huawei Technologies.

South Korea's top court to rule on Samsung heir's bribery case on August 29

South Korea's Supreme Court said it will rule next Thursday on whether to uphold the reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the country's then-president in 2017.

South Korea's top court to rule on Samsung heir's bribery case on August 29: YTN

South Korea's Supreme Court will deliver a ruling on the bribery conviction of Samsung Group heir Jay Y. Lee on Aug. 29 in a corruption scandal that led to the ouster of the country's then-president in 2017, broadcaster YTN said on Friday.

Explainer: Macron's quest for an international tax on digital services

French President Emmanuel Macron is pressing ahead with a digital tax in France, a move U.S. President Donald Trump described as "foolishness", and the French leader is keen to reach an international agreement on taxing big tech companies.

Fitbit targets 1 million new users with Singapore government tie-up

Fitbit Inc said on Wednesday it signed a contract with the Singapore government to provide fitness trackers and services in a health program it said could reach up to one million users.

Facebook shuts dozens of Myanmar social media accounts over 'inauthentic behavior'

Facebook Inc said on Thursday it had shut 216 social media pages, groups and accounts in Myanmar, some tied to the army, to stymie efforts to "manipulate or corrupt public debate".

Splunk to buy cloud software firm SignalFx in $1 billion deal

Data analytics software maker Splunk Inc on Wednesday said it would acquire privately held SignalFx, which makes software for the cloud, in a cash and stock deal for about $1.05 billion.

India needs to reduce ecommerce restrictions to revive economy: Amazon executive

India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.

Ahead of G7 summit, Macron presses U.S. to help reform taxes on big tech

French President Emmanuel Macron said on Wednesday U.S. tech giants paid unfairly low taxes, failing to contribute to the common good, and urged Washington to help reform the global corporate tax code.

San Francisco crowdfunder Kiva sets up Sierra Leone credit database

Kiva, a San Francisco-based tech charity, is using blockchain to create an online ID database in Sierra Leone allowing people who struggle to get loans to prove their credit history.

Fitbit wins deal for 1 million new users in Singapore health plan

Fitbit Inc said on Wednesday it won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country's citizens as part of a health initiative that begins in October.

Fitbit eyes one million new users in Singapore health scheme

Fitbit Inc has won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country's citizens as part of a health initiative that begins in October.

BYD's profit triples as China's electric car boom continues

Chinese electric car maker BYD Co Ltd posted a 203.6% rise in first-half profit on Wednesday, as China's new energy vehicle market continues to surge.

Amazon tests water in Israel with website to attract local sellers

E-commerce giant Amazon on Wednesday launched a Hebrew-language website to recruit local Israeli companies to sell their products via Amazon.com, the latest step toward launching a local business in the country.

Amazon opens its biggest global campus in India

Amazon.com Inc on Wednesday launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest growing overseas markets.

Google, Apple, Mozilla move to block Kazakh surveillance system

Alphabet Inc's Google, Apple Inc and Firefox browser maker Mozilla took steps on Wednesday to block the Kazakh government from creating an internet surveillance system using their browsers.

Apple plans to tap China's BOE Technology for advanced iPhone screens: Nikkei

Apple Inc is in the final stages of certifying advanced screens from Chinese display maker BOE Technology Group Co Ltd for its iPhones, as it attempts to reduce reliance on Samsung Electronics, the Nikkei reported on Wednesday.

EU antitrust regulators raise concerns about Facebook's Libra currency: sources

EU antitrust regulators want to know whether Facebook's proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday.

DHL stops deliveries for Amazon Fresh in Germany

Deutsche Post DHL will no longer deliver fresh food in Germany for Amazon as demand for the service launched in 2017 has been disappointing, a spokeswoman said on Wednesday.

Citigroup, BNP caught up in U.S. case against Huawei CFO: documents

U.S.-based Citigroup and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China's Huawei Technologies, according to newly available documents.

Porsche invests in Israeli road visibility startup TriEye

Israel's TriEye, whose short-wave-infra-red sensing technology enables vision in adverse weather and night-time conditions, has expanded its funding round to $19 million with an investment from German sports car manufacturer Porsche .

India has not set deadline to launch electric vehicles: official

The Indian government has not set a deadline to launch electric vehicles or to ban manufacturing of petrol and diesel cars, a government official said on Wednesday.

Xiaomi growth slows as fewer people buy phones, Huawei competition bites

Chinese smartphone maker Xiaomi Corp posted its slowest revenue growth as a public company, missing analysts' estimates, as it lost market share to Huawei and customers held on to their phones before a 5G refresh.

China's Geely posts 40% slump in first-half profit, sees uncertain demand outlook

China's Geely Automobile Holdings Ltd said on Wednesday first-half net profit skid 40% amid a sustained downturn in the world's biggest auto market, and it forecast an uncertain outlook for vehicle demand for the rest of the year.

Uber-rival Bolt enters European food delivery business

Estonia's Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation's capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and Lithuania as well.

U.S. Justice Department teams up with states on probe of Big Tech firms

The U.S. Justice Department is working with a group of more than a dozen state attorneys general as it moves forward with a broad investigation into major technology companies, the department's antitrust chief, Makan Delrahim, said on Tuesday.

Intel unveils first artificial intelligence chip Springhill

Intel Corp on Tuesday unveiled its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing centers.